date:Aug 07, 2012
However, Investec warned that it had concerns about uncertainty over the price of wheat and because it believed Premier had not raised enough funds from selling its non-core businesses.
Investec analyst Martin Deboo said:The spot price of wheat is currently higher than in the crisis year of 2008 and is at a level associated with low profitability in the past.
He said the outlook after next months harvest remained uncertain but Investec expected prices to remain high and was therefore reducin